legal updated
FROM 2020, TEMPORARILY SUSPENDING FROM TEMPORARY IMPORT, RE-EXPORT 32 KINDS OF SCRAPS
The Ministry of Industry and Trade issues the Circular No. 27/2019/TT-BCT on November 15, 2019, prescribing the list of scraps subject to temporary suspension from temporary import, re-export and border-gate transfer.
FROM JANUARY 15, 2020, LEGAL CAPITAL LEVEL OF PEOPLE’S CREDIT FUND IN WARD SHALL BE VND 1 BILLION
This is the new regulation issued by the Government in the Decree No. 86/2019/ND-CP on promulgating legal capital level of credit institutions, foreign bank branch on November 11, 2019.
MUST VERIFY BENEFICIARIES FOR INTERNATIONAL ELECTRONIC TRANSACTION VALUED FROM USD 1,000
On November 14, 2019, the State Bank of Vietnam issues the Circular No. 20/2019/TT-NHNN on amending and supplementing a number of Articles of the Circular No. 35/2013/TT-NHNN dated December 31, 2013 on guiding the implementation for a number of provisions
4 SUSPICION ACTIONS RELATING TO MONEY LAUNDERING AND TERRORISM FINANCING
On November 14, 2019, the Government issues the Decree No. 87/2019/ND-CP on amending and supplementing a number of Article of the Government’s Decree No. 116/2013/ND-CP of October 04, 2013, detailing a number of Articles of the Anti-Money Laundering Law.
TO FINE UP TO VND 300 MILLION WITH ORGANIZATION USING BANK CARD TO CONDUCT TRANSACTIONS FOR FRAUDULENT PURPOSES
On November 14, 2019, the Government issues the Decree No. 88/2019/ND-CP on penalties for administrative violations against currency and banking legal regulations.
THE MAXIMUM INTEREST OF CALL RATE APPLICABLE TO VIETNAM DONG LOAN BY PEOPLE’S CREDIT FUND IS 7%
On November 18, 2019, the State Bank of Vietnam issues the Decision No. 2416/QD-NHNN on maximum interest of call rate applicable to VND deposits at credit institutions, foreign bank branches for borrowers to meet the capital demand in service of a number of
TO INCREASE THE REGION-BASED MINIMUM WAGE FROM JANUARY 01, 2020
The Government promulgates the Decree No. 90/2019/ND-CP prescribing region-based minimum wage levels applicable to employees working under labor contracts on November 15, 2019.
TO CHANGE THE VALIDITY OF THE FORM OF LICENSE TO MANUFACTURE TOBACCO
On November 15, 2019, the Ministry of Industry and Trade issues the Circular No. 28/2019/TT-BCT on amending and supplementing a number of Articles of the Circular No. 57/2018/TT-BCT detailing a number of Articles of Decrees related to tobacco business.
FROM 2020, PROCEDURES FOR C/O ISSUANCE, INSPECTION SHALL COMPLY WITH THE DECREE NO. 31/2018/ND-CP
On November 14, 2019, the Ministry of Industry and Trade issues the Circular No. 25/2019/TT-BCT on amending and supplementing a number of Articles of the Circular No. 22/2016/TT-BCT dated October 03, 2016 of the Minister of Industry and Trade on implementation
More Articles...
- FROM 2020, TO SUPPORT UP TO VND 3 BILLION TO REPAIR NATURAL DISASTER PREVENTION AND CONTROL CONSTRUCTIONS
- INSTRUCTION ON REGISTER FOR IMPORT OF USED SHIPS FOR DISMANTLEMENT
- MAXIMUM INTEREST RATE APPLICABLE TO CALL DEPOSITS AT FOREIGN BANK BRANCHES IS 0.8% PER ANNUM
- MICROFINANCE INSTITUTION BRANCH IS ALLOWED TO RECEIVE SAVINGS WITH THE MAXIMUM OF VND 1 MILLION/CLIENT/DAY
- EACH BUILDING SHALL ONLY HAVE 01 MEZZANINE EXCLUDED FROM NUMBER OF CONSTRUCTION FLOOR
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